Guaranty Federal, DTI make buyback announcements

Two local companies recently announced news regarding repurchases of publicly held stock in their respective companies.

DT Industries Inc. announced the completion of a 1-million-share buyback of common stock, and Guaranty Federal Bancshares Inc. said it has the regulatory go-ahead to begin the repurchase of more than 300,000 shares of its stock.

DT Industries completed its 1-million-share buyback as planned. A company release said the repurchased shares will be used mostly for employee stock-option programs. As of March 29, there were 11.4 million shares of common stock outstanding.

The company's stock is traded on the NASDAQ market under the symbol DTII. The company's stock closed trading July 21 at $22.75 per share.

Guaranty Federal Bancshares said it has regulatory and board approval to begin its plan to repurchase up to 5 percent of outstanding shares. A Guaranty Federal release said there are 6.23 million shares outstanding. The plan will be carried out over the next six months in open-market transactions as the stock becomes available.

James E. Haseltine, president and chief executive officer, said the stock repurchases would lessen the dilutive effect of stock-option plans and be available to general corporate use.

Up to 311,290 shares are authorized for repurchase.

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